COLTX vs. CBALX
Compare and contrast key facts about Columbia Tax-Exempt Fund (COLTX) and Columbia Balanced Fund (CBALX).
COLTX is managed by Columbia. It was launched on Nov 20, 1978. CBALX is managed by Columbia. It was launched on Sep 30, 1991.
Performance
COLTX vs. CBALX - Performance Comparison
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COLTX vs. CBALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | -0.43% | 3.86% | 3.47% | 6.60% | -12.56% | 3.01% | 3.37% | 8.15% | 0.19% | 6.15% |
CBALX Columbia Balanced Fund | -3.50% | 14.14% | 14.60% | 21.49% | -16.63% | 14.92% | 17.91% | 23.05% | -5.75% | 14.29% |
Returns By Period
In the year-to-date period, COLTX achieves a -0.43% return, which is significantly higher than CBALX's -3.50% return. Over the past 10 years, COLTX has underperformed CBALX with an annualized return of 1.86%, while CBALX has yielded a comparatively higher 9.16% annualized return.
COLTX
- 1D
- 0.35%
- 1M
- -2.19%
- YTD
- -0.43%
- 6M
- 0.82%
- 1Y
- 2.85%
- 3Y*
- 3.55%
- 5Y*
- 0.51%
- 10Y*
- 1.86%
CBALX
- 1D
- 1.95%
- 1M
- -3.48%
- YTD
- -3.50%
- 6M
- -1.90%
- 1Y
- 11.61%
- 3Y*
- 12.90%
- 5Y*
- 6.99%
- 10Y*
- 9.16%
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COLTX vs. CBALX - Expense Ratio Comparison
COLTX has a 0.73% expense ratio, which is higher than CBALX's 0.67% expense ratio.
Return for Risk
COLTX vs. CBALX — Risk / Return Rank
COLTX
CBALX
COLTX vs. CBALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Tax-Exempt Fund (COLTX) and Columbia Balanced Fund (CBALX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| COLTX | CBALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.50 | 1.04 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.70 | 1.54 | -0.84 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.23 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.55 | -0.90 |
Martin ratioReturn relative to average drawdown | 1.81 | 6.54 | -4.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COLTX | CBALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.50 | 1.04 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | 0.63 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.38 | 0.81 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.68 | +0.26 |
Correlation
The correlation between COLTX and CBALX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
COLTX vs. CBALX - Dividend Comparison
COLTX's dividend yield for the trailing twelve months is around 3.73%, less than CBALX's 6.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COLTX Columbia Tax-Exempt Fund | 3.73% | 4.91% | 3.66% | 3.15% | 3.05% | 3.20% | 3.27% | 4.60% | 3.80% | 3.86% | 4.15% | 4.13% |
CBALX Columbia Balanced Fund | 6.73% | 6.42% | 7.83% | 1.84% | 5.36% | 9.26% | 5.31% | 4.16% | 5.82% | 2.79% | 1.60% | 4.05% |
Drawdowns
COLTX vs. CBALX - Drawdown Comparison
The maximum COLTX drawdown since its inception was -18.07%, smaller than the maximum CBALX drawdown of -34.53%. Use the drawdown chart below to compare losses from any high point for COLTX and CBALX.
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Drawdown Indicators
| COLTX | CBALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.07% | -34.53% | +16.46% |
Max Drawdown (1Y)Largest decline over 1 year | -6.59% | -7.87% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.07% | -20.91% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -18.07% | -22.73% | +4.66% |
Current DrawdownCurrent decline from peak | -2.52% | -4.73% | +2.21% |
Average DrawdownAverage peak-to-trough decline | -2.64% | -5.34% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.38% | 1.86% | +0.52% |
Volatility
COLTX vs. CBALX - Volatility Comparison
The current volatility for Columbia Tax-Exempt Fund (COLTX) is 1.37%, while Columbia Balanced Fund (CBALX) has a volatility of 3.84%. This indicates that COLTX experiences smaller price fluctuations and is considered to be less risky than CBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COLTX | CBALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.37% | 3.84% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 6.44% | -4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.72% | 11.58% | -4.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 11.08% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 11.31% | -6.36% |